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The Breakdown

The Five Most Important Bitcoin Stories This Week

The Breakdown

Blockworks

Business, Investing

4.8806 Ratings

🗓️ 7 December 2024

⏱️ 28 minutes

🧾️ Download transcript

Summary

Recorded live with Scott Melker on Friday December 6, 2024. Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribe to the newsletter: https://breakdown.beehiiv.com/ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome back to The Breakdown with me, NLW.

0:09.3

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

0:18.4

What's going on, guys? It is Friday, December 6th, and that means it's time for the Friday 5.

0:23.2

Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it,

0:26.7

give it a rating, give it a review, or if you want to dive deeper into the conversation,

0:30.0

come join us on the Breakers Discord. You can find a, well, this was a fun week to do the Friday 5. It was, of course,

0:40.7

100K week. It was SEC new commissioner week. It was, actually, I'm just realizing now, we didn't

0:46.3

even talk about the new AI and Cryptozar, David Sachs. So lots and lots going on. It's a good one.

0:52.1

Let's dive in.

0:54.6

So yesterday, man, I had a plan. My son's best friend's sixth birthday. We took our kids to Hollywood

1:01.4

studios at Disney World. Of course, the one day I had randomly planned to take off, we hit

1:07.1

$100,000 and I don't stream, but maybe I was just saving it for you.

1:15.2

You're saving it for this morning. And look, I think, you know, one of the things, one of the greatest testaments to where Bitcoin is, is that you know that in six months, this is going to

1:21.0

feel like just another day in Bitcoin's inevitable, sort of inexorable march forward to what

1:25.9

it's going to become. Listen, it's just another price. It's just another number. It's just another level. It doesn't

1:30.9

have more meaning than any other line on a chart. But there's something about $100,000 that feels

1:35.7

different. We've had two numbers in recent Bitcoin history. So the last six years, let's call it,

1:42.3

seven years that we've anchored to in a serious way.

1:45.6

The first was, of course, 20,000, right?

1:47.4

Once that number was hit in 2017, it became the bellwether mark for like whether we were

1:53.1

so back, baby, right?

1:54.3

For the entire next cycle, you know, it didn't matter when we got to 16 or 17.

...

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